Question

_________ errors affect agreement of trial balance.

• A. Omission in casting
• B. Errors of balancing
• C. Errors in totalling the trial balance
• D. All the three

Answer 1

The correct option is D All the three

Option D is the correct answer.

Below errors affect the agreement of trial balance:

• Omission in casting:
• Example- Sales daybook is totalled as Rs.4500 while posting in sales ledger instead of Rs.5400.
• The error of balancing:
• Example-Creditors a/c is wrongly balanced as Rs.3600 instead of Rs.36000.
• Errors in totalling the trial balance:
• Example- Trial balance is wrongly totalled as Rs.56450 instead of Rs.65450.